05-27-2016, 10:02 AM
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#61
- MnB91
- Kent Chiki
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- MnB91
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Originally Posted By cjmadscientist⏩
well if you really dont want to put in the effort then i guess so.because you can use the cash to pay off anything, you can't sell the home (as per OP)
what am I going to do with a million dollar home, I'd rather be out of debt completely....life with less responsibility is more valuable to me than a giant home that I can't do anything with
what am I going to do with a million dollar home, I'd rather be out of debt completely....life with less responsibility is more valuable to me than a giant home that I can't do anything with
i'd put in the extra little work and rent out the extra rooms and generate passive income.
Low test crew
Neg all coincels on sight crew
05-27-2016, 11:07 AM
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#62
- donblaximus
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- donblaximus
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Originally Posted By Nelly87⏩
So why would you take the $350k cash if you cant spend it on anything? (Its yours till death)lol would work but OP also said, it's yours till death.
So.. I think a workaround would be:
Choose 1 mil home, pay a doc to confirm you dead for 10 seconds, revive you. Then sell house?
So.. I think a workaround would be:
Choose 1 mil home, pay a doc to confirm you dead for 10 seconds, revive you. Then sell house?
Thats why I specifically said "trade" the house for something. Im not selling it. Im using it as leverage to get something else, like possibly a franchise or a couple of francises.
Isnt that what you essentially do with cash? Trade cash in exchange for goods or services?
05-27-2016, 11:12 AM
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#63
- Jizmeister
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- Jizmeister
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If I can't sell the house, I'll take the $350k. Invest it and then in the future use it as a down payment on a house I'd actually want (not the one in OP)
Edit: Or take a line of credit on the equity of the house = profit?
Edit: Or take a line of credit on the equity of the house = profit?
Traditional Wetshaver Crew
* KNEE DRAGGERS UNITE *
MFC
05-27-2016, 11:18 AM
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#64
- residesinAZ
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- residesinAZ
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Cash, easy
Purchase a 350k apartment complex and become a slum lord.
Purchase a 350k apartment complex and become a slum lord.
05-27-2016, 11:28 AM
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#65
- Argetlahm
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- Argetlahm
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$350,000 hands down, no question about it. I'd invest it - not spend it. So that's not "selling" or "giving up" the item I choose.
I could easily attain every other option with that kind of start-up. Real talk.
I could easily attain every other option with that kind of start-up. Real talk.
05-27-2016, 11:31 AM
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#66
- flexnation
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- flexnation
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Stuck between the Cash and the 10/10 Soulmate.
With the cash i have 0 doubt in my mind that i would be able to successfully reinvest it in real estate and be able to retire within 3 years. 100% Srs.
But the 10/10 soulmate is a little too good to pass up. In todays sloot culture, good luck finding your 10/10 girl who hasn't been run through by 12 dudes and will remain loyal.
Soulmate it is.
With the cash i have 0 doubt in my mind that i would be able to successfully reinvest it in real estate and be able to retire within 3 years. 100% Srs.
But the 10/10 soulmate is a little too good to pass up. In todays sloot culture, good luck finding your 10/10 girl who hasn't been run through by 12 dudes and will remain loyal.
Soulmate it is.
"If you come at the king, you best not miss"
-Omar Little
05-27-2016, 11:33 AM
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#67
- Nastradoomus
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- Nastradoomus
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the house easily.
:/
05-27-2016, 11:33 AM
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#68
- GodlikeDra
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- GodlikeDra
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Whatever option goes for the most $. How's human trafficking these days misc?
05-27-2016, 11:34 AM
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#69
- FluffyTuffy
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- FluffyTuffy
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3 for sure.
Getting an instant degree and education from Harvard would be pretty great.
Saves you 4 years, 240000$, and a ton of hard work.
Getting an instant degree and education from Harvard would be pretty great.
Saves you 4 years, 240000$, and a ton of hard work.
05-27-2016, 11:35 AM
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#70
05-27-2016, 11:36 AM
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#71
05-27-2016, 11:38 AM
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#72
- donblaximus
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- donblaximus
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Originally Posted By flexnation⏩
3 years lol. You are the next real estate mogul if you had those kind of chops and wouldnt need $350k right now if you had those chopsStuck between the Cash and the 10/10 Soulmate.
With the cash i have 0 doubt in my mind that i would be able to successfully reinvest it in real estate and be able to retire within 3 years. 100% Srs.
But the 10/10 soulmate is a little too good to pass up. In todays sloot culture, good luck finding your 10/10 girl who hasn't been run through by 12 dudes and will remain loyal.
Soulmate it is.
With the cash i have 0 doubt in my mind that i would be able to successfully reinvest it in real estate and be able to retire within 3 years. 100% Srs.
But the 10/10 soulmate is a little too good to pass up. In todays sloot culture, good luck finding your 10/10 girl who hasn't been run through by 12 dudes and will remain loyal.
Soulmate it is.
05-27-2016, 11:42 AM
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#73
- tanofpeace
- Okay
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- tanofpeace
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STEM degree from an ivy league
Disclaimer: All posts, statements, remarks and threads made by this user are fictional and/or satirical in nature and should not to be taken seriously and are not an accurate representation of this user's personality or beliefs.
Go outside and play.
Open your mind.
05-27-2016, 11:48 AM
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#74
- flexnation
- EastSide Church Boi
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- flexnation
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Originally Posted By donblaximus⏩
Let me rephrase. I wouldnt invest in the sense that i would buy and flip property. I would either purchase a few 4 unit rental properties or a larger 12 unit property.3 years lol. You are the next real estate mogul if you had those kind of chops and wouldnt need $350k right now if you had those chops
Lets go with the 12 units. All 350k goes towards the downpayment, closing costs, loan fees, etc. Building would be a 1.4 million dollar complex, 20% down yada yada ye.
Assuming they're all 2 bedroom units, out here in portland, rent for a 2 br is going for about $1100/mo. Id gross $13,200 a month. Tenants pay their prorated portion of water, sewer, garbage. My only expense will be the mortgage and the random repairs the come up so lets say total expenses come out to $6000/mo leaving me with $7200 gross/mo. This is in addition to another property i currently own which is netting me about $1500/mo.
Id continue to live at home, save up, rinse, and repeat. Obviously the numbers aren't exact and multiple things can come up not foreseen but you get the idea.
Edit: Or i can relocate cross country to PA where my family lives and where the same complexes are being sold for $700-800k and purchase 2 of them off the bat and rent is about $900-1000. Either way, 3 years is all i need with $350k.
"If you come at the king, you best not miss"
-Omar Little
05-27-2016, 11:49 AM
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#75
- Dumika
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- Dumika
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Cash - Safest option out there. At my current stage of life, I'd take this.
Lambo - No way. It cost a **** ton to fix/repair/etc. this car.
House - If I had a good job already, I'd take this.
IVY Degree - Already doing a degree in computer science, no thanks jeff.
10/10 loyal GF - Already have a GF.
Lambo - No way. It cost a **** ton to fix/repair/etc. this car.
House - If I had a good job already, I'd take this.
IVY Degree - Already doing a degree in computer science, no thanks jeff.
10/10 loyal GF - Already have a GF.
Never settle
*52 books in 52 weeks crew*
05-27-2016, 11:55 AM
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#76
- donblaximus
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- donblaximus
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Originally Posted By flexnation⏩
Can you post a link to a 12 unit (2BDR/unit) property in Portland for $1.4M?Let me rephrase. I wouldnt invest in the sense that i would buy and flip property. I would either purchase a few 4 unit rental properties or a larger 12 unit property.
Lets go with the 12 units. All 350k goes towards the downpayment, closing costs, loan fees, etc. Building would be a 1.4 million dollar complex, 20% down yada yada ye.
Assuming they're all 2 bedroom units, out here in portland, rent for a 2 br is going for about $1100/mo. Id gross $13,200 a month. Tenants pay their prorated portion of water, sewer, garbage. My only expense will be the mortgage and the random repairs the come up so lets say total expenses come out to $6000/mo leaving me with $7200 gross/mo. This is in addition to another property i currently own which is netting me about $1500/mo.
Id continue to live at home, save up, rinse, and repeat. Obviously the numbers aren't exact and multiple things can come up not foreseen but you get the idea.
Edit: Or i can relocate cross country to PA where my family lives and where the same complexes are being sold for $700-800k and purchase 2 of them off the bat and rent is about $900-1000. Either way, 3 years is all i need with $350k.
Lets go with the 12 units. All 350k goes towards the downpayment, closing costs, loan fees, etc. Building would be a 1.4 million dollar complex, 20% down yada yada ye.
Assuming they're all 2 bedroom units, out here in portland, rent for a 2 br is going for about $1100/mo. Id gross $13,200 a month. Tenants pay their prorated portion of water, sewer, garbage. My only expense will be the mortgage and the random repairs the come up so lets say total expenses come out to $6000/mo leaving me with $7200 gross/mo. This is in addition to another property i currently own which is netting me about $1500/mo.
Id continue to live at home, save up, rinse, and repeat. Obviously the numbers aren't exact and multiple things can come up not foreseen but you get the idea.
Edit: Or i can relocate cross country to PA where my family lives and where the same complexes are being sold for $700-800k and purchase 2 of them off the bat and rent is about $900-1000. Either way, 3 years is all i need with $350k.
Id be seriously interested in investing with those high level numbers.
05-27-2016, 11:55 AM
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#77
05-27-2016, 11:58 AM
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#78
- FearThisjake
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- FearThisjake
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#3 could get you all of that in less than 10 years. So yeah, I'll take the degree
onion crew
05-27-2016, 12:01 PM
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#79
- DeeezNuttz
- pro style
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- DeeezNuttz
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Ca$he
Can't tie my shoes but I can fuk your bitch
[A]lpha [B]eard [C]rew
05-27-2016, 12:01 PM
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#80
05-27-2016, 12:01 PM
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#81
- flexnation
- EastSide Church Boi
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- flexnation
- EastSide Church Boi
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Originally Posted By donblaximus⏩
http://www.loopnet.com/Listing/19788...t-Portland-OR/Can you post a link to a 12 unit (2BDR/unit) property in Portland for $1.4M?
Id be seriously interested in investing with those high level numbers.
Id be seriously interested in investing with those high level numbers.
Never mind about the $1.4 million price. Looks like Prices Soared since the last time i browsed. awe fuk bye.
Still though, you get the idea
"If you come at the king, you best not miss"
-Omar Little
05-27-2016, 12:11 PM
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#82
- donblaximus
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- donblaximus
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Originally Posted By flexnation⏩
Your original numbers still dont add up even if you were to find a 12 unit apartment for $1.4M. Your property tax and insurance piled on top of of your mortgage would be about $9700 + unforeseen repair cost on 12 units = you are barely breaking even, and thats IF you found a property that was $500k off its street value. Nevermind that there will be months that you might not be full capacity, turnover cost, etc.http://www.loopnet.com/Listing/19788...t-Portland-OR/
Never mind about the $1.4 million price. Looks like Prices Soared since the last time i browsed. awe fuk bye.
Still though, you get the idea
Never mind about the $1.4 million price. Looks like Prices Soared since the last time i browsed. awe fuk bye.
Still though, you get the idea
Youngsters these days think its really easy to make money. ITS NOT.
05-27-2016, 12:41 PM
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#83
- flexnation
- EastSide Church Boi
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- flexnation
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Originally Posted By donblaximus⏩
You're right, I didn't factor in insurance and taxes. That $9700 figure seems high though even considering those two factors. Regardless, no point continuing because the prices are much higher than I thought anyway. I was wrong.Your original numbers still dont add up even if you were to find a 12 unit apartment for $1.4M. Your property tax and insurance piled on top of of your mortgage would be about $9700 + unforeseen repair cost on 12 units = you are barely breaking even, and thats IF you found a property that was $500k off its street value. Nevermind that there will be months that you might not be full capacity, turnover cost, etc.
Youngsters these days think its really easy to make money. ITS NOT.
Youngsters these days think its really easy to make money. ITS NOT.
Brb moving east with the $350k and retiring in 6 years lmao
"If you come at the king, you best not miss"
-Omar Little
05-27-2016, 12:43 PM
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#84
- Clkflynn
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- Clkflynn
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10/10 loyal soulmate.
I'd be happy all my life and die with someone I love.
Bettter than money or any chit.
I'd be happy all my life and die with someone I love.
Bettter than money or any chit.
!Only friends are family crew!
!Die alone crew!
!Balding crew!
!Kissless crew!
!Only girl who has smiled at me is Mom crew!
!Left Nofap crew!
!Still watch porn crew!
Eternal Monk for the next 62 years seeking that divinity.
05-27-2016, 12:57 PM
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#85
- CidBronwen
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- CidBronwen
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1. 10/10 loyal soulmate, She's not a real 10/10 if shes not loaded with cash and has earning potential. With her at might side we'd get everything else in the list.
2. The house, in a location of my choosing. Even with taxes and upkeep it wouldn't cost as much as a mortgage note. With no mortgage I could make up the 350K in like 3-4 years. Plus could always rent it.
3. Cash
4. Lambo, cars are a depreciating asset.
5. Degree, already got it.
2. The house, in a location of my choosing. Even with taxes and upkeep it wouldn't cost as much as a mortgage note. With no mortgage I could make up the 350K in like 3-4 years. Plus could always rent it.
3. Cash
4. Lambo, cars are a depreciating asset.
5. Degree, already got it.
05-27-2016, 03:32 PM
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#86
- CrookedDink
- Works fine though
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- CrookedDink
- Works fine though
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Originally Posted By Dumika⏩
Yeah but she's not a 10/10...or loyal for that matter.10/10 loyal GF - Already have a GF.
05-27-2016, 03:45 PM
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#87
05-27-2016, 03:51 PM
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#88
05-27-2016, 03:55 PM
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#89
- TheMeninist
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- TheMeninist
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Most Likely the Home. Rent out and collect money.
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